Did Old Man Winter scare away hiring in March? New employment data revealed that the U.S. added significantly fewer jobs in March than most economists expected, though a drop in the total number of unemployed did lead to a decline in the top-line unemployment rate. more...
GDP: A Brief But Affectionate History by Diane Coyle GDP is one economic model among several that could serve the purpose, but its use conveniently leads to policies that reflect the thinking of a particular school of economic monetary and fiscal policy advocates. We all know that in operating a business we need to be able to measure the profits of our company and then adjust our prices and production to make sure ...
In an interview with Kitco News, Harry Tchilinguirian, global head of commodity markets strategy at BNP Paribas, said that the bank is in no hurry to change its forecast and there is still a possibility for gold to drop below $1,000 an ounce. In January, the firm said that it expects gold prices to average $980 an ounce this year and $860 in 2017; and, Tchilinguirian said that fundamentally nothing has changed. In fact, the ...
Gold prices are sharply higher and are challenging the key $1,100.00 level in early U.S. trading Friday. More safe-haven buying interest and short covering in the futures market are featured as the U.S. stock market is poised to open up sharply lower. There is also more uncertainty as U.S. traders and investors head into a three-day holiday weekend. The U.S. dollar index is solidly lower on this day, which is also working in favor of the precious metals ...
A stock market already in the mood for a bounce got a little extra goose from a solid December jobs report issued Friday morning. Even with a comforting economic number, a tough trading week leaves some Wall Street observers warning for more volatility, however—market twists that are likely to include at least short-term recoveries such as the one taking shape on Friday. The major stock averages fell some 2%-3% in Thursday’s volatile session, ...
Recent Visitors
Archive
Go to Profile
Mark as Read